admin / February 14, 2022
Taxi booking app development is undoubtedly an excellent idea for startups, businesses, and entrepreneurs for their mobility and convenience.
Don’t you agree with the fact that cab booking solutions have surpassed the traditional taxi services? Today, people have shifted from personally owned vehicles to public mobility solutions as a means of their commutation. Today, ridesharing and car-pooling apps have become a regular choice of people.
As you’ve noticed, Uber completes 1.44 billion trips every quarter, and the number of quarterly trips increased by 24% in 2020 due to the global pandemic. Apart from this, Statista predicts that the annual growth rate of the global ride-hailing services market will reach $126 million by 2025.
But what factors influence the global ride-hailing service market?
One of the biggest challenges of this ridesharing market is to develop a profitable and sustainable business model. As we know, the intensity of the competition of the rivalry taxi aggregator apps is high. The current ridesharing market is dominated by industry leaders like Uber, Ola, Lyft, and Didi dominate the current ridesharing market. Though this industry has a low entry barrier, the introduction of the new players offers more subsidies, and customers get switched to them at no cost. All these factors make it difficult for the ridesharing app to develop a proper sustainable model that is profitable too.
For example, Uber – A dominant taxi aggregator app, has handover its China operations to Didi and is focusing on India, which is currently the fastest-growing taxi market.
In such a case, how to build a sustainable taxi app that is profitable too?
Read ahead this blog to find answers to the below questions:
For beginners, it’s highly recommended to build a native taxi app is highly recommended. This approach allows you to create a custom taxi app for each operating system which ensures better performance, security, speed, and ability to access the smartphone’s built-in capabilities like maps and geolocations.
A typical taxi app solution consists of three-handed over – a driver app, passenger app, and admin panel for business operations and management.
The core features involved in on-demand taxi app development are as follows:
|Passenger App Features||Driver App Features||Admin Panel Functionality|
|Login & Registration||Registration||Secure Login|
|View Profile||Driver Profile & Status||Location & Fare Management|
|Taxi Booking||Trip Alerts & Information||Driver and Passenger Management|
|Fare Calculation||Route Tracking & Navigation||Vehicle Management|
|Payment||Passengers Review & ratings||Booking Management|
|Push Notifications||Receive & Track Earnings||Check Ratings & Reviews|
|Driver’s Ratings & Review||Booking Cancelation||Notification Management|
|Messaging System||Messaging System||Integration with Google Analytics|
|Ride History||Push Notifications||Review Driver’s order & Payoff|
|SOS Button For Customer Support||Driver Delivery Reports||CMS management and FAQ|
It is also possible to enhance the application by including some advanced features and functionalities, or you can even consider a few remarkable features list that would contribute to maximizing your application user experience.
|Passenger App Features||Driver App Features||Admin Panel Functionality|
|Pickup location||Driver destinations||Manage dispatchers|
|Ride cancellation||Quest earnings||You can also build a successful brand is patcher panel|
|Split payment||Waiting time||Manage refunds|
|Interactive map||Heat maps||Promotion and discount management|
|Future ride||Forward dispatch||SMS alert settings for specific trips|
|Book for someone else||Future ride settings|
|Favorite locations||Country and currency settings|
|Gamification, discounts, referral rewards||Heat map|
|Voice recognition||Surge pricing|
|Waiting list||Flat pricing|
|Hidden passenger phone number|
Apart from leveraging convenience to customers, on-demand taxi services can simplify your business process and leverage the below business benefits:
On-demand taxi booking apps like Uber and Ola have already outclassed the traditional taxi services. With customers showing more interest in booking online cabs through mobile apps, the development of a cab booking app solution helps your get higher visibility and a chance to get connected with more users. Make sure to update your app at regular intervals to attract more loyal users.
One of the biggest advantages of investing your money into taxi app development is that you get a chance to collect and store valuable details of your customer. The data in the form of email addresses, contact details, and more can be used later for a survey, email marketing, and other sales-related activities.
Apart from this, you can even monitor important details like frequency of cab booking, time and distance traveled during a ride, average rides per month, and more. These details will further help you send a personalized notification to customers by leveraging their coupons, offers, and attractive discounts, thus boosting customer retention.
Since taxi aggregators like OLA and Uber have already dominated the on-demand market space with spellbound services, it’s quite hard to register your name as a “dominant player” in the logistics industry. Nevertheless, you can also build a successful brand by following the unique USP features and tweaks. You can also build a successful brand.
Three major factors play a role in enhancing your brand awareness – better customer experience, trust, and credibility. This is possible by designing a convenient, user-friendly, interactive taxi booking app that compelling UI addresses the customer’s needs with compelling UI. Later on, you can release further updates at regular intervals to enhance your brand reputation and give a tight grace to your competitors.
Like any other app, the brand identity is based on its customer’s reviews and feedback. They can help you improve services further, and this way, your business can stay ahead of the curve. Since the traditional taxi approach didn’t have an app to offer such services, you can leverage this feature and improve your app.
Well, mobile app development services never come with any pre-defined cost. It depends on various factors involved in developing an on-demand taxi booking solution. However, a basic taxi app may range between $15,000 – $50,000. Let’s watch out for the factors that affect the cost of building a taxi app:
Here’s the estimated cost breakdown for taxi booking application:
|Admin Panel Development||$4,100||$5,100|
It depends on you. However, if you’re a business owner who understands technical details but lacks resources to develop your product, in such a case, you can outsource the entire project to an on-demand taxi booking app development company that holds the required skills and expertise to meet your requirements.
So, what about the cost involved?
The team’s location is not the only factor that affects the overall cost to build an uber like taxi app. The team size, engagement duration, experience level, and tech stack hold equal importance. However, if you hire a development team from the USA or Western Europe, chances are you’ll end up spending more. An average hourly rate of developers in the US may be as high as $80 – $150 per hour.
Hiring a development team from ASIA is a better option in case you’ve compact development budget since the average hourly rate is comparatively lower ( $15 – $30 per hour) compared to the USA and European countries.
Finally, don’t be afraid to launch a simple version of your app. Later, you always have a chance to update it as and when needed.
Our team can help you throughout the process, from the initial app concept discussion to app launch and further project support.
Contact us at: firstname.lastname@example.org.